Risk Management Policy

A Risk Management Policy outlines how an organization identifies, assesses, and addresses potential threats that could negatively impact its objectives. It provides a structured approach to prevent or reduce risks, ensuring resources are used effectively to protect assets, reputation, and operations. The policy clarifies responsibilities, establishes procedures for monitoring risks, and promotes a proactive mindset to manage uncertainties responsibly. Overall, it helps the organization make informed decisions, minimize surprises, and maintain stability and growth despite potential challenges.